Saudi Arabia Lifts West Coast Oil Export Capacity By 3 Million Bpd
Saudi Arabia has added 3 million bpd of oil export capacity to its West Coast on the Red Sea after the upgrade of Saudi Aramco’s Yanbu South Terminal, the state Continue Reading
Higher Crude Breakeven Costs Slow Qatari Diversification
The breakeven price for Qatari crude oil has risen to US$47.10 per barrel this year from US$24.20 a barrel ten years ago, a Gulf think-tank has calculated. The Gulf Times Continue Reading
U.S-Saudi Clash Could Spell Disaster For OPEC
The Khashoggi case is far from over, as current harsh statements coming from Washington are showing. Not only is there a long line of U.S. Senators calling for an in-depth Continue Reading
Saudis, Kuwait Fail To Agree On 500,000-Bpd Joint Oil Fields Restart
Due to operational divergences and geopolitical divisions, Saudi Arabia and Kuwait haven’t made any progress in talks about the potential restart of jointly operated oil fields that analysts were hoping Continue Reading
Iraq ramps up gas supply after years of delay
The Nassiriya oil field’s associated gas treatment facility on Sept. 27, 2018. (Source: Dhi Qar Oil Company media office) Iraq is on track to gain about 340 million standard cubic Continue Reading
Saudi Aramco to invest in refinery-petrochemical project in east China
State oil giant Saudi Aramco signed an agreement on Thursday to invest in a refinery-petrochemical project in eastern China, part of its strategy to expand in downstream operations globally. The Continue Reading
Iran calls U.S. efforts to cut its oil exports to zero ‘political bluff’
Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to Continue Reading
Chinese companies said to be planning a $2B refinery in Iran
Chinese companies have offered to invest $2 billion to build a refinery in a northern region of Iran located in the southern shores of the Caspian Sea, according to an Continue Reading
High Prices Benefit Iran Despite Lost Oil Exports
Iran is raking in more cash from oil exports thanks to higher prices despite the decline in amount of oil exported, the country’s Vice President Eshaq Jahagiri told Iranian media, Continue Reading
Refinery Official Sees India Getting U.S. Waiver For Iran Oil Imports
Mangalore Refinery and Petrochemicals, a subsidiary of India’s Oil and Natural Gas Corporation (ONGC), expects India to receive this month a waiver from the U.S. sanctions on Iranian oil, Mangalore’s Continue Reading